 Should I consult my Home Owners Insurance or do this my self? |
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 Life insurance? |
| Why should I buy a life insurance?... |
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| i'm thinking about an insurance career because they all pitch you on 60k minimum, but their always hiring too. that tells me they've got a high turnover. is it too good to be true? how ... |
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 Is it true that once I turn 18 I won't be covered by my parents' health insurance? |
| I am turning 18 in a few weeks, and I was wondering if I won't be covered anymore, I am currently a college student and I won't be able to afford ... |
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 Cost of Health Insurance? |
Hi,
Okay, so I need some help. I am moving to California to go to school for the next school year. My parents will not be paying for anything. I was wondering if someone could please ballpark ... |
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| they sent me a check for 10 times the amount that it should have been but we had no clue, then a couple of months later they called and said that they had made an error and they wanted their money ... |
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Theandysullivan | Pay off debts first? |
I recieved about $20,000 in an inheritance. Im fairly young. Would it be smart to pay off debts like credit cards and car payments first or should I just invest the lump sum? |
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aaron p
|
Depends on a lot of things. Go talk to a financial planner, and be wary of "free advice." Sometimes advice is worth what you pay for it. |
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trojan
|
It depends on how much debt you have, how long is left to pay it off and what interest rate it's at. It is smart to get rid of debt but by doing so will you learn to buy what you can afford cash wise or will you go back into debt eventually. If you invest the money will you get a higher interest rate than what your paying in debt or is it substantially more.
Your best to weigh your options and decide if paying off the higher interest rate will make things easier financially (like Credit Cards) and keep the other debt (car payment) or pay them both off and be smarter by not overspending.
Personally I'd use half the money to pay the debt off or bring it down and invest the other half. Paying off debt is great but having something in case of emergency (job loss) is wiser. |
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Wounded Duck
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Pay off debts. They charge higher interest than you are likely to earn! |
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appstate
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1. If you do not have any cash on hand put $1,000 into a small emergency fund.
2. Payoff all your debt but your house. and that means cars, credit cards, loans, etc
3. Add the $1,000 from step one in this and save up 3-6 months for an emergency fund. Put this in something very liquid like a money market account at your bank. SO if something happens you can get to it.
4. Now you are ready to invest. Try to invest 15% of your gross take home pay for retirement you should be able to do this because you have not debt. Max out tax accounts first like Roth's or 401k's
Most important DO NOT TAKE OUT ANY MORE DEBT!! OR this $20,000 will be wasted. |
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Don Drapers woman
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Maybe use half for bills and invest the other half. |
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stephenweinstein
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Pay off the debts. The interest that you save will be more than you would earn (after taxes) by saving the money.
This does not belong in the "insurance" category. |
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Mr. Prefect
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Depends. If you have high credit card debt, then yes, pay them off immediately. They will kill you otherwise. You'll take 1 step foreward, and 2 back.
If you aren't paying high debtloads, then get into the market slowly. |
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mbrcatz
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Pay off your debt, then invest the amount you used to pay towards the credit cards and car payments. |
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C O
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Pay off your debt and don't accumulate anymore. If you have any left over than invest upon advice of someone that has expertise in this area. I know of financial planners that don't charge you anything and do a wonderful job.. Why go into debt getting advice. Then take what you were spending on your debt and put that towards your investment. |
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